Western Alliance Bancorp

In Stage 2 advancing, WAL has broken above horizontal resistance and is holding above rising EMAs, but price is extended above its EMAs and near resistance, suggesting deferred execution with attention to pullbacks into EMA support zones.

• ↑Earnings yield at 1.73 with $6B loans & $8B deposits forecast for 2026
• ↑Pivot to higher-yield C&I, home-builder & warehouse lending drives robust pipelines
• ↓High rate sensitivity pressures NII and narrows margins